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1022 Watson Lane, Key West, FL 33040
$950,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
968
Lot Size (sq. ft.):
1,535
Status:
Active
Current Price:
$950,000
List Date:
12/23/2025
Last Modified:
3/01/2026
Description
Priced to Sell in Old Town! Tucked away on a quiet lane, this versatile Key West home offers unbeatable value and rare features including the only home in Old Town with a private pool under $1M.
The main living space upstairs includes 1 bedroom, 1 bathroom, a full kitchen, dining room, and living room, all with a comfortable layout and great potential for easy modern updates to match your style. Step outside to enjoy your private deck, balcony, and inviting pool, perfect for relaxing or entertaining.
Downstairs, a separate lock-out unit provides excellent flexibility with 2 bedrooms, 1.5 baths, and its own private entrance, ideal for guests or extended family.
Additional highlights include a garage, a highly sought-after feature in Old Town, and an X flood zone location, meaning no flood insurance is required in most cases.
With its rare amenities, flexible layout, quiet setting, and opportunity to add your personal touch, this property is a standout find. Create your ideal Old Town retreat or income-producing getaway!
More Information MLS# 617812
Contract Information
Current Price: $950,000
Listing Date: 2025-12-22
Listing Board: Key West Association
List Price: $950,000
Location Tax Legal
Street #: 1022
Street Name: Watson
Street Suffix: Lane
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Gwynn Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1934
Lot SqFt: 1535
Acres: 0.04
Living Apx SqFt: 968
SqFt Source: Tax Records
Total Bedrooms: 3
Full Baths: 2
Half Baths: 1
Total Baths: 3
Rentals Allowed: Yes
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Yes
Stories: 2 Stories
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Garage
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Privacy Wall/Fence; Storage; Water Display
Pool Info: In Ground; Concrete; Decked
Construction: Frame
Shutters: Other
Floor: Wood
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA
Title: Negotiable
Room Information
Full Bathroom
Level: Second
Bedroom 1
Level: Second
Living Room
Level: Second
Kitchen
Level: Second
Dining Room
Level: Second
Bedroom 2
Level: Main
Bedroom 3
Level: Main
Full Bathroom
Level: Main
Half Bathroom
Level: Main
Listing Office: Island Life Realty Experts
Last Updated: March - 01 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
